On March 14, 2023, Xuzhou ZM-Besta Heavy Steel Structure Co., Ltd. (stock code: 835857) went public on the Beijing Stock Exchange. It issued 37,800,000 shares at the price of RMB 4 per share, and raised a total of RMB 151.20 million which will be used to finance the R&D project of steel-structure building integrated photovoltaics system, and that of the exterior wall panel and its and production line for new-type steel-structure prefabricated residential buildings.

Xuzhou ZM-BESTA Heavy Steel Structure Co., Ltd. obtained the approval from the 81st session of the Public Offering Committee of Beijing Stock Exchange on December 12, 2022 for its application to publicly offer shares to unspecified qualified investors and list on the Exchange, and on January 17, 2023 China Securities Regulatory Commission approved its registration.

Recently SceneRay Co., Ltd. announced the completion of its Series D+ financing of RMB 300 million, with Sequoia China and GL Ventures as the lead investors. This marks another successful fundraising after the completion of Round D financing of over RMB 100 million in April 2020, with Yanchuang Capital as the lead investor. China Renaissance acted as sole financial advisor.

On January 6, 2022, China National Petroleum Corporation (CNPC) announced the bidding result for its first-class external law firms(2022-2024). DeHeng won the bid for the comprehensive service package in Beijing, and specialist service package in the areas of labor law, resources and environment, competition law and anti-monopoly law.

DeHeng is glad to announce that we are once again successfully selected into the law firm database of the Ministry of Commerce of China (MOFCOM) as outside lawyer according to the list of bid winners released by MOFCOM on November 11, 2021. DeHeng won for the third time the bid for "The International Trade and Investment Disputes Category – Legal Affairs regarding International Investment (Domestic)" and for the fourth time "The Trade Remedy and Trade Barrier Response Category – Trade Barrier and Response to Section 337 Actions."

Recently, the Supreme People's Court made a retrial judgment on disputes over infringement upon trademark rights and unfair competition, revoking the second-instance judgment made by the Higher People's Court of Hubei Province and affirming the main first-instance judgment of the Wuhan Intermediate People's Court. Lawyers Lyu Chengwei and Xu Wenyan from DeHeng's Suzhou Office represented the retrial applicant and won the case in the Supreme People's Court.